Courtesy of Mish.
Keynesian clowns are concerned about the decline in government jobs in the past few years. They want the government to step up spending and hire more workers to make up for the loss of jobs in the private sector.
Here is a chart from reader Tim Wallace that will help put the recent loss of government jobs in a better perspective.
Percentage Job Growth vs. Population Growth
The growth in government jobs is not sustainable nor is there any genuine excuse for it other than political pandering and vote-buying operations.
The deviance between private bobs and population growth is easily explained by the entry of women in the workforce.
Percentage Male and Female Job Growth vs. Population Growth
Note how the percentage growth of men in the labor force closely tracks population growth the percentage growth of women in the workforce has skyrocketed.
Entry of women in the workforce allowed much higher household debt levels than ever before.
Now what?…
